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Interstate National Dealer Services Announces Agreement

10 December 1998

Interstate National Dealer Services, Inc. Announces Comprehensive Agreement With Lee Myles Associates


    MITCHEL FIELD, NY--December 10, 1998--Interstate National Dealer Services, Inc. is pleased to announce the signing of a comprehensive agreement with Lee Myles Associates Corporation. Interstate will provide a service contract program for Lee Myles retail customers and for the corporate fleet market place. The program will be rolled out during the month of December. Lee Myles Transmissions has been the "Most Trusted Name in Transmissions" since 1947 and has locations from coast to coast.
    Roy Biagi, VP of Operations of Lee Myles said, "After an exhausting search, we determined that Interstate National Dealer Services, Inc. provided the highest level of professional administration and customer service for Lee Myles valued customers."
    Chester J. Luby, Chairman & CEO of Interstate noted, "This strategic alliance with Lee Myles Associates Corporation, a name synonymous with transmissions, diversifies the Company's product offerings in a new, synergistic direction; one that could add substantially to Interstate's growth."
    Interstate is a leading nationwide provider of service contracts and extended warranties, primarily for new and used cars and recreational vehicles, and also for watercraft, motorcycles and other power sport vehicles. Please visit our website: http://www.inds.com for additional information.

This press release contains forward-looking statements which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Report on Form 8-K filed with the Securities and Exchange Commission on December 23, 1996.